Category Review
Cash-flow quality returned 42% while QUAL returned 17%
Invesco S&P MidCap Quality ETF
The ETF.net XMHQ Grade
B
Score 67 out of 100
- 6 of 26
Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B62 out of 100Rank 10 of 26Mission
Whether the fund did what it promised, tested against its stated mandate.A84 out of 100Rank 5 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 20 of 26Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 4 of 26Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 11 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 3 of 26
Our read on XMHQ
In short
BMost quality ETFs hunt pristine balance sheets among mega caps. XMHQ runs the same screen one size down, ranking the S&P MidCap 400 on profitability and balance-sheet strength and keeping roughly 80 names.
Stated mandate
The Fund tracks the S&P MidCap 400 Quality Index and invests at least 90% of its total assets in securities connected to that index.
Why people hold it
Worth knowing
XMHQ Holdings
- Stocks
- 82
- 31%
- FTI
Sectors
- Industrials29.6%
- Technology17.7%
- Financials16.2%
- Health Care14.5%
- Consumer Discretionary10.0%
- Energy7.7%
- Materials1.9%
- Communication1.4%
- Consumer Staples1.0%
Geography
- United States95.46%
- United Kingdom2.81%
- Sweden1.02%
- India0.71%
XMHQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XMHQ$11,544
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XMHQ |
|---|---|
| Year to date | +15.5% |
| 1 month | +5.5% |
| 3 months | +2.6% |
| 1 year | +15.4% |
| 3 years | +17.9% |
| 5 years | +10.1% |
| 10 years | +13.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XMHQ |
|---|---|---|
| 2026 YTD | +15.5% | |
| 2025 | +4.7% | |
| 2024 | +16.8% | |
| 2023 | +29.5% | |
| 2022 | −12.4% | |
| 2021 | +21.0% | |
| 2020 | +26.6% |
XMHQ in the news
XMHQ Dividends
- 0.56%
- $0.66
- $0.15 per share
- Quarterly
XMHQ Risk
- 16.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.82
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
XMHQ Cost
Overpaying vs JQUA, cheapest in US Quality Index
$2,639
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
XMHQ 0.25%
$5,159
JQUA 0.12% Cheapest
$2,520
Cost over time
Year by year
| Year | XMHQ | JQUA | Overpaying |
|---|---|---|---|
| 10 | $455 | $220 | $235 |
| 20 | $1,769 | $859 | $910 |
| 30 | $5,159 | $2,520 | $2,639 |
You pay 0.25%Waived by Invesco 0.05%
Full fee 0.30% waiver 0.05% you pay 0.25%
Other funds in US Quality Index
- ASPHQInvesco S&P 500 Quality ETFExpense ratio 0.15%1 year return +13.2%
- AVFQYVanguard U.S. Quality Factor ETFExpense ratio 0.13%1 year return +18.2%
- BSEIQSEI QiM U.S. Large Cap Quality Active ETFExpense ratio 0.15%1 year return +12.0%
- BDUHPU.S. High Relative Profitability Portfolio ETF Class SharesExpense ratio 0.20%1 year return +13.3%
- BVFLOVictoryShares Free Cash Flow ETFExpense ratio 0.39%1 year return +45.6%
